Dr. Steffen Murau| steffenmurau.com

2016 | ‘EU, US and ASEAN Actorness in G20 Financial Policy‐Making. Bridging the EU Studies – New Regionalism Divide’ (with Kilian Spandler), Journal of Common Market Studies

This article compares the European Union’s (EU) actorness in foreign financial policy to that of the US and ASEAN. It thus contributes to the dialogue between EU studies and the New Regionalism by putting it into practice through comparative research. It argues that a process‐oriented interpretation of the actorness concept can be used to compare the EU to both nation‐states and international organizations at the same time. This makes it possible to examine the ‘nature of the beast’ in specific foreign policy contexts on empirical grounds. The case study analyses EU, US and ASEAN actorness in the IMF reform negotiations within the G20 framework. The findings suggest that a ‘two‐way comparison’ of the EU is not only possible but also provides valuable empirical insights into the role of informal politics in the EU and other regions.

Presented at the EU in International Affairs IV Conference, Brussels (05/2014)

Co-author:
Kilian Spandler, University of Gothenburg

Download link:
https://onlinelibrary.wiley.com/doi/abs/10.1111/jcms.12340

Related articles

‘Encumbered Security. Conceptualizing Vertical and Horizontal Repos in the Euro Area’ (with Alexandru-Stefan Goghie and Matteo Giordano)

Despite the paramount centrality of repurchase agreements (repos) in today’s market-based finance regime, both conceptual and empirical questions about European repo markets are insufficiently explored as contradictory legal and accounting treatments make their on-balance-sheet representation […]

Learn More

2023 | ‘Forging Monetary Unification through Novation. The TARGET System and the Politics of Central Banking in Europe’ (with Matteo Giordano), Socio-Economic Review

When Economic and Monetary Union became effective in January 1999, it remained unclear what accounting treatment to choose for claims and obligations that the Eurosystem’s National Central Banks (NCBs) incur against each other in the […]

Learn More

‘Green Macro-Financial Governance in the European Monetary Architecture. Assessing the Capacity to Finance the Net-Zero Transition’ (with Andrei Guter-Sandu and Armin Haas)

The Green Transition to net-zero carbon emissions in Europe requires massive financing efforts, with estimates of 620 billion EUR annually, but the headwinds are substantive. Central banks seem overstretched and busy tightening to combat inflation; treasuries are […]

Learn More